We have been and we remain in a very powerful bull market, ... in near term basis, the market has come long way in short period of time? and odds favor a bit of a time-out in the next week.
The market hates surprises. But we believe the odds substantially favor that the Fed will not raise interest rates next week, and that the market will take that as some degree of relief, unless they say something nasty. But basically we think we're into a good summer rally.